An integrated approach to CSI
In 2012, SABMiller invested US$34 million in Corporate Social Investment (CSI) programmes, a slight increase on last year (2011: US$33 million1). However, due to a significant increase in pre-tax profits2 our investment in CSI equates to 0.8% of pre-tax profits, a slight increase since last year (2011: 0.9%).
This year we spent US$34 million on CSI programmes
Our businesses seek to invest in CSI projects that have the greatest relevance and make the biggest difference to their communities and connect with our other sustainable development priorities such as enterprise development and water.
We have created a number of entrepreneurship initiatives around the world through which we provide grants to young entrepreneurs. These take the form of competitions which are generally for young people aged between 18-35, and encourage them to transform their ideas and activities into self-sustaining, growing companies. We've helped to set up thousands of new businesses, which have spurred economic growth, while the entrepreneurs we've supported have been able to invest in housing, education and food security for their families and communities.
Over the last year, we have invested US$4.7 million in programmes to support entrepreneurs around the world, awarding grants to over 100 businesses and providing training to more than 1,000 entrepreneurs.
In South Africa, Kickstart was launched by SAB Ltd over 15 years ago. Since then, 22,936 young entrepreneurs have graduated from the programme and created over 3,200 successful businesses. Independent research has shown that in South Africa over 80% of the businesses we supported are still trading successfully after three years.
There are similar programmes running in Botswana, Swaziland, Colombia, Ecuador, Hungary and Peru. In Colombia, Bavaria's Destapa Futuro programme has been running for five years. Over this time it has supported the creation of 286 businesses and invested over US$8 million in training, mentoring, seed capital and assessing business plans for more than 1,100 entrepreneurs. 93% of these businesses are still operating and more than 5,000 jobs have been created.
In the USA, MillerCoors has invested in the creation of new businesses and entrepreneurship since the launch of The MillerCoors Urban Entrepreneurs Series (MUES) in 1999.
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